INTRODUCTION Entrepreneurship is a typical global phenomenon
attracting millions of economists, politicians, and
social workers. In developed countries, entrepreneurship has gained attention in the last century. But in developing countries, it has been gained original consideration only in recent decades. In industrially developed countries, the business environment has witnessed radical changes. The result was restructuring of economic and social systems in a way, which has led to increased levels of business formation, innovation, new organizational forms and more general shifts in attitude and behavior.
In the traditional paradigm, it was believed that modern
economic growth would be associated with a shift in labour
from rural areas to urban industrial Centers. Experience of developed and developing countries including Japan, China, Korea, Taiwan, and Philippines show that there is an alternative path for economic growth rather than the migration of rural labour force in to the urban sector. In India, Governments at the Centre and States give special attention to the development of entrepreneurship. Special privilege has been accorded for the development of smallscale sector. The Government has initiated several measures to strengthen the competitiveness of small scale sector. Most of these measures are related to entrepreneurship development, technology up gradation, modernization, and assistance for finance and marketing.
Objectives of the Study
To Develop skills in successfully initiating, expanding and
diversifying a business enterprise in new, up-coming areas.
To Create entrepreneurial managers for corporate To know about Postgraduate students who are more mature and have
greater job experience are more likely to be inclined towards
entrepreneurship. To study the efficacy of institutional support system for the
Entrepreneurship development among the PG students.
To Develop family business successors as enterprising and
knowledgeable owners of the business of their predecessors.
Methodology of the study
In pursuance of the above objectives and hypotheses, the
following methodology was used for this study. The
objectives of the study were achieved through collection and analysis of both Secondary and primary data. Based on a survey based methodology, data were collected
from a sample of postgraduate students from various
Visakhapatnam colleges. Respondents' perception towards five barriers to
entrepreneurship (aversion to risk, fear of failure, lack of
resources, lack of social networking, and aversion to stress and hard work) and their entrepreneurial inclination were assessed.
Limitations of the Study
The findings in this study cannot be generalized to non
student populations since it covers only postgraduate
students. The quantitative approach used was unable to uncover in
depth information on the various barriers. A qualitative
approach may be more appropriate to obtain further details.